Investment Tips For Beginners

Simple Rules for Investing

If you are new to investing, here are a few basic rules to keep in mind as you venture forward. As you know, there are no guarantees when it comes to investing, but following these tips–as well as heeding the sound advice of your broker or financial advisor–may help you stay out of trouble.

Know yourself, your timelines, and your risk tolerance

Do not invest borrowed money

Stick with investments that you can understand and evaluate

Avoid get rich quick schemes that promise riches without effort

Be willing to keep what you buy

Never accept an investment that must be sold under pressure

Consider investments that have “utility value” (they are useful to someone else)